Medicare is?

• A. Federally funded medical assistance for those who contributed over their lifetime
• B. State funded medical assistance
• C. Private insurance
• D. A non-profit health plan

Answer: (A)

Medicare is a federal health insurance program funded by the U.S. government, designed mainly for people 65 and older and for certain younger individuals with disabilities. It is financed through payroll taxes (Social Security taxes), premiums, and general revenue, which is why it’s described as federally funded. It isn’t run by a state government, it isn’t private insurance, and it isn’t a single non-profit health plan. The idea that eligibility relates to having contributed over a lifetime reflects that many people qualify for Part A because they paid Medicare taxes through work, though enrollment and benefits extend beyond this simple phrase.